10 Aug 2012

A new report reveals how wealthy individuals and
their families have between $21 and $32 trillion of hidden financial
assets around the world in what are known as offshore accounts or tax
havens. The actual sums could be higher because the study only deals
with financial wealth deposited in bank and investment accounts, and not
other assets such as property and yachts. The inquiry was commissioned
by the Tax Justice Network and is being touted as the most comprehensive
report ever on the "offshore economy." It also finds that private banks
are deeply involved in running offshore havens, with UBS, Credit Suisse
and Goldman Sachs handling the most assets. We're joined by the
report's author, James Henry, a lawyer and former chief economist at
McKinsey and Company.

"Another world is not only possible, she is on her way. On a quiet day I can hear her breathing."Arundhati Roy

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I note that these blogs entries may not be the views of the Green Party, but could be considered campaign material during an election. It must therefore be noted they are printed by, promoted by and on behalf of the Stroud District Green Party, 2 The Laurels, Bread Street, Ruscombe, Stroud, Gloucestershire, GL6 6EL.